Pound Falls Most in a Month as Johnson Backs ‘Brexit’ Campaign

February 22, 2016 7:16 AM

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The pound fell the most in a month against the dollar after London Mayor Boris Johnson, one of the U.K.’s most popular politicians, said he’ll campaign for Britain to leave the European Union in a June referendum.

Sterling dropped against all its 16 major peers, reversing a gain made on Friday when Prime Minister David Cameron secured a deal on membership terms with EU leaders in Brussels and set a June 23 date for the vote. Johnson joins Justice Secretary Michael Gove among prominent members of Cameron’s Con...